The acquisition of personal debt is wise if it results in long-term savings and security.
It all depends on the situation and the amount of debt one owns. If one does not have too much debt it would be a good option, if the debt is more than normal than it might not be as beneficial.
is to be able to make wise choices.
Yes Geograpically and Population wise but not economically
Debt consolidation can be a great tool to help manage your debt. By bringing all of your debt to one lender, you eliminate the hassle of making several payments. Read the rest of the article in the related links section.
It is wise to consolidate debt for credit cards when the debt is at a high interest rate, a person may take all the high interest rate debt and combine it into one debt with a lower interest rate to save money.
If you are the one whose debt is being forgiven, it would be wise on your part to get a notarized document signed by the person forgiving the debt. This will be a proof in your part if anyone in the forgiver's family decides to collect on the debt.
Northern Pacific Railroad
Something that is special to you personallity wise.
Virginia Wise Berninger has written: 'Reading and Writing Acquisition' -- subject(s): Neuropsychology, Psychological aspects, Psychological aspects of Writing, Psychology of Reading, Psychology of Learning, Writing
The Coral Ridge Hour - 1978 Rock Solid Heavenly Wise The Biblical Case Against Debt was released on: USA: 11 April 2010
It is never wise to pay debt with debt. However, if the interest rate is lower on the line of credit you are not creating a problem you are just moving your debt from on instrument to another. A mortgage creates equity, so if you cannot pay the mortgage outright and need to borrow to do it, make sure the line of credit has lower rates.
That is totally up to you - it is a personal preferance choice.